Metaplanet, the company listed in Tokyo Petcoin, is strongly escalating pressure with a decrease in the price of its share, threatening the donation collection model that you used to build one of the largest Bitcoin Treasury in the world.
The company’s shares have decreased by 54 % since mid -June, despite bitcoin (BTC) Get about 2 % during the same period. This decrease has developed a “budget wheel” that dates back to the capital under stress, a mechanism that relies on the high stock prices to cancel financing insurance through the MS Ornts issued to the EVO fund, its main investor.
With the shares drop sharply, these are no longer attractive orders for EVO, as they press the Metaplanet liquidity and the slowdown in their strategy in obtaining Bitcoin, According to To Sunday’s report from Bloomberg.
Metaplanet, led by former Goldman Sachs merchant Simon Jerovic, currently owns 18,991 BTC, makes him the seventh largest general holder, according to Bitcointreasuries.net. The company has ambitions to develop its group to 100,000 BTC by the end of 2026 and 210,000 BTC by 2027.
Related to: Metaplanet, the most intelligent web network adds approximately $ 100 million in Bitcoin to Treasury bonds
Metaplanet turns into foreign markets
Through its “budget wheel” strategy, which loses momentum, Girovic resort to collecting alternative donations. Wednesday, metaplanet Declared plans to raise Nearly 130.3 billion yen ($ 880 million) by offering public stocks in foreign markets.
In addition, shareholders will vote on Monday whether they will agree to up to 555 million favorite shares, a rare tool in Japan, which can be raised up to 555 billion yen ($ 3.7 billion).
In an interview with Bloomberg, Jerovic called the favorite participation “defensive mechanism”, allowing the capital to leak without alleviating the shared shareholders if the stock decreases. These shares, which are expected to offer up to 6 % annual profits and initially crowned 25 % of the company’s Bitcoin’s bodies, may appeal to Japanese investors to starve.
Related to: Metaplanet plans to raise an additional $ 3.7 billion to buy Bitcoin
Bitcoin Premium falls the metaplanet strategy at risk
However, analysts are cautious. “The bitcoin installment is what will determine the success of the entire strategy,” said Eric Benoa from Natx. This installment, the difference between the maximum Metaplanet market and the value of Bitcoin’s possessions, decreased from more than 8x in June to only 2x, which increased the risk of mitigation.
The company has stopped Evo’s command exercises from 3 to 30 September, which paves the way for the favorite shares. Whether this transformation can settle a metaplanet financing strategy still should be seen.
Meanwhile, metaplanet was upgraded from a small basin to a Mid -the square stock in FTSE Russell’s September 2025 a semi -annual review, and get an insertion in the FTSE Japan Index. This step follows the power of the powerful company Q2.
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